Hudbay Minerals to buy Copper Mountain Mining in $439m deal
Mining News Pro - Canadian miner Hudbay Minerals Inc said on Thursday that it would buy Copper Mountain Mining Corp in a $439 million all-share deal to boost its copper portfolio. The Copper Mountain Mine is located about 20 km south of Princeton, British Columbia and 300 km east of the port of Vancouver.
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Copper Mountain nearly doubles BC mine resource to 1.1 billion tonnes
Mining News Pro - Copper Mountain Mining has announced updated mineral resource and reserve estimates for its 75% owned copper mine located in southern British Columbia. Based on the new reserves, the company has also provided a revised life of mine plan that supports a mill expansion scenario to 65,000 t/d from 45,000 tonnes per day.
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Mountain Province discovers kimberlite in three target areas at Kennady North
Mining News Pro - Mountain Province Diamonds has released interim exploration results for its 100%-held Kennady North project in Northwest Territories, consisting of over 107,000 ha of claims and leases that completely surround the Gahcho Kué diamond mine.
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Earth moves for Red Mountain
Mining News Pro - The earth is set to move for junior explorer Red Mountain Mining’s Mt Mansbridge heavy rare earth and nickel-cobalt-PGE project in Western Australia.
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Canada’s Trans Mountain pipeline expansion soars to over $16 billion
Mining News Pro - The capital cost of completing the twinning of the Trans Mountain pipeline has soared to a whopping C$21.4 billion ($16.7bn).
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Gold Mountain brings Elk mine back to life
Mining News Pro - Toronto-listed Gold Mountain Mining has put the Elk mine, in British Columbia, back into production, delivering its first ore to New Gold’s New Afton mine, which is about 133 km away.
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New study shows real impact of mountaintop mining on endangered species
Mining News Pro - A new study that combined water-quality data with satellite imagery of mountaintop removal mining activity found that such operations pose a more serious and widespread threat to endangered species and people than was previously understood.
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Canada blocks proposed Rocky Mountain coal mine on environmental grounds
Mining News Pro - Canada on Friday formally blocked a proposal to build a steelmaking coal mine in the Rocky Mountains of Alberta, citing what it said would be the significant environmental damage.
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Eagle Mountain takes full ownership of Oracle Ridge
Mining News Pro - Junior Eagle Mountain Mining has moved to take full ownership of the Oracle Ridge copper project, in Arizona.
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Paramount receives permits for drilling near Grassy Mountain
Mining News Pro - Paramount Gold Nevada is gearing up to start a 15-hole reverse circulation drilling campaign at the Frost project, southwest of the company’s proposed high-grade underground Grassy Mountain gold mine, later this quarter.
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Castle Mountain Phase 2 to expand output to over 200 000 oz/y
Mining News Pro - The Phase 2 expansion of the Castle Mountain gold mine, in California, will increase production to more than 200 000 oz/y, at an all-in sustaining cost of $858/oz, TSX- and NYSE-listed Equinox Gold said on Monday, announcing the results of a feasibility study.
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Mountain Province’s Gahcho Kué yields 157-carat diamond
Mining News Pro - Mountain Province Diamonds, which holds a 49% stake in the Gahcho Kué mine in Canada’s Northwest Territories said the operation has yielded its largest-ever diamond.
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Castle Mountain reaches commercial production for Equinox
Mining News Pro - Equinox Gold’s Castle Mountain mine in California has declared commercial production. The open-pit, heap leach operation poured its first gold on Oct. 15 and is expected to generate 5,000 to 10,000 oz. of gold for the company this year. The company completed construction of the asset in mid-September.
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Copper Mountain raises exploration funds
Mining News Pro - Copper Mountain Mining Corporation will raise C$15-million under a bought deal offering with Industrial Alliance Securities Inc (IAS).
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Mountain Province enters final quarter with ‘cautious level of confidence’
Mining News Pro - The rough diamond market is starting to show some positive momentum, with prices having recovered close to pre-Covid levels from the lows seen during the peak of the pandemic, Canadian miner Mountain Province CEO Stuart Brown said on Wednesday.
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First gold pour at Castle Mountain
Mining News Pro - Miner Equinox Gold has poured first gold from its Castle Mountain gold mine in California.
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Spanish Mountain stock soars as Sprott steps up investment
Mining News Pro - Spanish Mountain Gold is planning another private placement of units with Eric Sprott following completion of a C$4 million financing in which the Canadian mining investor participated last week.
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Eagle Mountain raises A$3m
Mining News Pro - Eagle Mountain Mining will raise A$3-million through a share placement to institutional and professional investors to fund exploration drilling at its Oracle Ridge copper project, in Arizona.
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BFS affirms `compelling` opportunity at Crown Mountain
Mining News Pro - A bankable feasibility study (BFS) into the Crown Mountain coking coal project, in British Columbia, has found that the project could produce an average of 1.7-million tonnes a year of saleable coal and 57.5-million tonnes a year run-of-mine coal over a mine life of 15 years.
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Coronavirus curbs Mountain Province revenue
Mining News Pro - Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers‘ (51%-owned) and Mountain Province Diamonds‘ (49%-owned) Gahcho Kué mine in the Northwest Territories is so far continuing to operate.
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Copper Mountain cuts targets amid market rout, virus fears
Mining News Pro - Canada’s Copper Mountain Mining became on Tuesday the latest company to adjust plans due to ongoing markets collapse and near-term copper price uncertainty as a result of the rapidly spreading coronavirus panic.
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Copper Mountain changes plans as market tumbles
Mining News Pro - Copper Mountain Mining has revised its mine plan and project schedule for its Copper Mountain mine, in British Columbia, deferring a $22-million capital spend in response to current market conditions and near-term copper uncertainty as a result of the Coronavirus.
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Copper Mountain meets 2019 guidance; expects to grow production
Mining News Pro - Copper Mountain Mining has released 2019 operating results and provided three-year production guidance for its 75% owned Copper Mountain mine.
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Arizona once had tall mountains, indicative of copper deposits
Mining News Pro - A research group led by Jay Chapman, an assistant professor at the University of Wyoming, published a study that shows that much of the southwestern United States was once a vast plateau with elevations in excess of 10,000 feet and looked less like a desert and more like the Tibetan plateau north of the Himalayan Mountains or the Altiplano in the Andes Mountains in South America.
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New kimberlite found at Gahcho Kue says Mountain Province
Mining News Pro - Toronto-based Mountain Province Diamonds has announced the discovery of a new kimberlite at the Gahcho Kue diamond mine 280 km northeast of Yellowknife. The mine is owned 49% by Mountain Province and operated by De Beers Canada, holder of the remaining 51%.
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